William Blair Weighs in on FleetCor Technologies, Inc.’s FY2020 Earnings (FLT)

FleetCor Technologies, Inc. (NYSE:FLT) – William Blair issued their FY2020 EPS estimates for FleetCor Technologies in a report issued on Friday. William Blair analyst R. Napoli anticipates that the business services provider will post earnings per share of $11.74 for the year.

A number of other research firms have also weighed in on FLT. Oppenheimer lifted their price objective on FleetCor Technologies from $185.00 to $194.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Monday, October 9th. Citigroup lifted their price objective on FleetCor Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Wells Fargo & Co set a $225.00 price objective on FleetCor Technologies and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Credit Suisse Group lifted their price objective on FleetCor Technologies from $186.00 to $206.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $198.36.

FleetCor Technologies (FLT) opened at $212.03 on Monday. The firm has a market capitalization of $19,030.54, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.42 and a beta of 1.53. FleetCor Technologies has a 52 week low of $121.52 and a 52 week high of $213.74. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.04. The business had revenue of $577.90 million during the quarter, compared to analyst estimates of $576.78 million. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $1.92 EPS.

In related news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $170.00, for a total value of $1,206,830.00. Following the completion of the transaction, the insider now owns 9,246 shares in the company, valued at approximately $1,571,820. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.60% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in FleetCor Technologies by 1.1% in the 2nd quarter. Advisor Group Inc. now owns 3,890 shares of the business services provider’s stock worth $543,000 after buying an additional 41 shares during the last quarter. Toronto Dominion Bank boosted its holdings in FleetCor Technologies by 11.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after buying an additional 113 shares during the last quarter. Nordea Investment Management AB boosted its holdings in FleetCor Technologies by 4.3% in the 2nd quarter. Nordea Investment Management AB now owns 2,859 shares of the business services provider’s stock worth $412,000 after buying an additional 119 shares during the last quarter. First Personal Financial Services boosted its holdings in FleetCor Technologies by 31.4% in the 4th quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after buying an additional 244 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in FleetCor Technologies by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,400 shares of the business services provider’s stock worth $2,393,000 after buying an additional 300 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.

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FleetCor Technologies Company Profile

FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.

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